Cardano, bless her digital heart, started the weekend lookin’ a little peaked, hoverin’ just above forty-one cents on Saturday. A two-percent dip, see? Like a tired mule tryin’ to climb a hill. Made the week’s gains look smaller than a field mouse’s lunch – only 3.4%. She’d tried to stretch herself to forty-four cents on Thursday, pushed along by that Bitcoin fella, swingin’ around like a drunken sailor between eighty and ninety-two grand.
But the steam went right outta her, right after the folks runnin’ Cardano got to votin’ on spendin’ seventy million ADA – that’s a heap of digital beans – to fix up the infrastructure. It’s a big ask, even for a blockchain. Now it looks like they might just get it, with old Charles Hoskinson himself givin’ it a nod, along with Input Output and a few other fancy-named outfits. You gotta wonder, do they need all those meetings to agree on spendin’ the money? Seems mighty inefficient, if you ask me.
They’re lookin’ to fill a piggy bank with that seventy million, to attract the big boys – stablecoins, banks, folks who know numbers, bridges… all the things a respectable blockchain needs if it wants to grow up. 🧐
Together with @InputOutputHK, @EMURGO_io, @IntersectMBO, and @midnightfdn, we have submitted a governance action to establish a Critical Integrations Budget for Cardano.
If approved by DReps and the constitutionality verified by the Constitutional Committee, the fund will…
– Cardano Foundation (@Cardano_CF) November 28, 2025
The believers say this is what Cardano needs – the strong foundation to get some real excitement goin’ in DeFi and those Real-World Assets. And maybe, just maybe, keep the lights on for the long haul. Seems a fella can’t build a future on hope alone.
The votes are rollin’ in, and it looks like most folks are sayin’ yes. Nearly 53% of the votes cast by those delegated representatives are in favor. A whole lotta people are sittin’ on the fence, mind you – nearly eight billion ADA haven’t decided. And a few, bless their skeptical hearts, are sayin’ “no.” But things seem to be headin’ toward approval, though they got ‘til December 30th to finish countin’. Patience, I guess, is a virtue.
Cardano Price Faces Major Sell-Wall at $0.44
Now, here’s the rub. ADA’s runnin’ headfirst into a brick wall at forty-four cents. Seems folks are bettin’ against her, a solid forty million in shorts waitin’ to pounce. There’s still more money bettin’ on her, about forty-three million, but that wall is lookin’ mighty tall. It’s like watchin’ a prize fighter standin’ in front of a heavyweight.
Cardano (ADA) Liquidation Map, Nov 29 | Source: Coinglass
Twenty-two million dollars worth of those bets are piled right at that forty-four-cent mark. Those walls… they either send things flyin’ or mash ‘em flat. And right now, it looks like ADA’s gonna need a whole lot more muscle to break through. Don’t expect her to climb above forty-five cents without a real stampede of buyers. Seems a fella needs more than a prayer and a good idea to move a mountain. 🤷
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2025-11-30 03:50